GE Aerospace (NYSE: GE) is 65.41% higher on its value in year-to-date trading and has touched a low of $98.27 and a high of $194.80 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GE stock was last observed hovering at around $164.80 in the last trading session, with the day’s gains setting it 3.57%.
Currently trading at $168.37, the stock is -2.90% and -5.49% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.24 million and changing 2.17% at the moment leaves the stock 0.94% off its SMA200. GE registered 71.12% gain for a year compared to 6-month gain of 4.88%. The firm has a 50-day simple moving average (SMA 50) of $178.1562 and a 200-day simple moving average (SMA200) of $166.81564.
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The stock witnessed a -5.40% loss in the last 1 month and extending the period to 3 months gives it a -10.76%, and is 1.42% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.87% over the week and 2.40% over the month.
GE Aerospace (GE) has around 125000 employees, a market worth around $186.17B and $54.40B in sales. Current P/E ratio is 29.70 and Fwd P/E is 32.05. Profit margin for the company is 11.45%. Distance from 52-week low is 71.33% and -13.57% from its 52-week high. The company has generated returns on investments over the last 12 months (16.41%).
with sales reaching $9.85B over the same period.The EPS is expected to grow by 92.48% this year, but quarterly earnings will post -45.01% year-over-year. Quarterly sales are estimated to shrink -49.28% in year-over-year returns.
GE Aerospace (GE) Top Institutional Holders
2893.0 institutions hold shares in GE Aerospace (GE), with institutional investors hold 79.09% of the company’s shares. The shares outstanding are 1.08B, and float is at 1.08B with Short Float at 1.04%. Institutions hold 78.97% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 89.33 million shares valued at $14.2 billion. The investor’s holdings represent 8.188% of the GE Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 79.74 million shares valued at $12.68 billion to account for 7.3088 of the shares outstanding. The other top investors are FMR LLC which holds 67.65 million shares representing 6.2012% and valued at over $10.76 billion, while CAPITAL RESEARCH GLOBAL INVESTORS holds 5.8386 of the shares totaling 63.7 million with a market value of $10.13 billion.
GE Aerospace (GE) Insider Activity
The most recent transaction is an insider sale by Giglietti Robert M., the company’s Vice President. SEC filings show that Giglietti Robert M. sold 15,735 shares of the company’s common stock on Nov 21 ’24 at a price of $179.06 per share for a total of $2.82 million. Following the sale, the insider now owns 6448.0 shares.
GE Aerospace disclosed in a document filed with the SEC on Nov 22 ’24 that Giglietti Robert M. (Vice President) sold a total of 8,010 shares of the company’s common stock. The trade occurred on Nov 22 ’24 and was made at $179.29 per share for $1.44 million. Following the transaction, the insider now directly holds 6448.0 shares of the GE stock.
Still, SEC filings show that on Nov 18 ’24, Stokes Russell (Senior Vice President) disposed off 15,550 shares at an average price of $178.29 for $2.77 million. The insider now directly holds 148,857 shares of GE Aerospace (GE).
